Ensign Peak Advisors Inc reduced its position in Donaldson Company, Inc. (NYSE:DCI) by 2.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 103,006 shares of the industrial products company’s stock after selling 2,880 shares during the quarter. Ensign Peak Advisors Inc owned about 0.08% of Donaldson worth $6,544,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in DCI. Captrust Financial Advisors increased its holdings in Donaldson by 137.2% in the 1st quarter. Captrust Financial Advisors now owns 1,122 shares of the industrial products company’s stock valued at $65,000 after buying an additional 649 shares during the period. Maverick Capital Ltd. bought a new position in Donaldson in the 1st quarter valued at about $139,000. Cullen Frost Bankers Inc. increased its holdings in Donaldson by 12.5% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,813 shares of the industrial products company’s stock valued at $179,000 after buying an additional 313 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in Donaldson in the 1st quarter valued at about $203,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in Donaldson in the 2nd quarter valued at about $203,000. 79.36% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently issued reports on DCI shares. Morgan Stanley decreased their price target on shares of Donaldson from $75.00 to $73.00 and set an “overweight” rating on the stock in a report on Wednesday. Zacks Investment Research raised shares of Donaldson from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a report on Friday, July 9th. Finally, Robert W. Baird lifted their price target on shares of Donaldson from $71.00 to $73.00 and gave the company an “outperform” rating in a report on Friday, September 3rd.
Donaldson (NYSE:DCI) last posted its earnings results on Wednesday, September 1st. The industrial products company reported $0.66 EPS for the quarter, hitting the consensus estimate of $0.66. The business had revenue of $773.10 million for the quarter, compared to the consensus estimate of $769.69 million. Donaldson had a net margin of 10.05% and a return on equity of 26.93%. The firm’s revenue was up 25.2% compared to the same quarter last year. During the same period last year, the company earned $0.50 EPS. As a group, research analysts anticipate that Donaldson Company, Inc. will post 2.64 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 31st. Stockholders of record on Monday, August 16th were given a $0.22 dividend. The ex-dividend date was Friday, August 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.54%. Donaldson’s dividend payout ratio (DPR) is currently 37.93%.
Donaldson Co, Inc engages in the manufacture of filtration systems and replacement parts. It operates through the following segments: Engine Products and Industrial Products. The Engine Products segment includes replacement filters for both air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.
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